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Property profile & analytics
OFF-MARKET
Neighborhood centers

5765 Commercial St Salem, OR 97306

9,290 SF Built 2006
Property ID
Property summary
AI-generated overview

This 9,290 square foot strip center, built in 2006, offers multiple tenancy options in Salem, Oregon. Currently, 3,765 square feet are vacant, divisible into units ranging from 1,320 to 2,445 contiguous square feet. The property sits on a 2.16-acre lot at 5765 Commercial St SE, 97306, boasting high visibility and traffic due to its location less than a mile from I-5 and a signalized intersection with dual entrances. An inline space of 1,320 square feet and a corner suite (approximately 800-1,000 square feet) are available and can be easily combined. The property's ideal location is further enhanced by its proximity to a mixed-use development slated for completion in 2023, which will include approximately 70 apartment units and 5,000-10,000 square feet of additional retail space. This prime location is suitable for a variety of businesses, including retail, banking, or fast food establishments. The property offers excellent accessibility and high traffic counts, making it an attractive opportunity for businesses seeking a prominent presence in a growing area.

Property profile
Verified
Property type Neighborhood centers
Year built 2006
Total area 9,290 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 19th At Battle Creek Clubhouse Restaurant
  • Subway Take-out & Catering
  • Spin City Laundromat (Bike/Boat/Book/etc) Store
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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